Income Statement

Earnings Waterfall
NFC PCL

Income Statement
NFC PCL

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Income Statement
Currency: THB
Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
1 255
1 282
1 295
1 301
1 293
1 289
1 243
1 000
706
414
164
106
112
112
109
92
77
68
61
63
70
76
79
82
81
92
93
94
97
81
81
119
101
83
64
2
7
3
0
3
6
3
4
4
15
16
16
15
5
3
2
2
1
1
1
1
3
7
11
15
16
16
15
14
15
15
17
22
27
33
36
40
62
89
113
156
244
283
324
342
297
0
0
0
Revenue
2 580
N/A
2 700
+5%
2 621
-3%
2 542
-3%
2 303
-9%
2 048
-11%
1 707
-17%
1 660
-3%
2 050
+23%
2 362
+15%
3 275
+39%
3 810
+16%
4 079
+7%
4 233
+4%
3 208
-24%
2 317
-28%
1 443
-38%
799
-45%
551
-31%
486
-12%
491
+1%
556
+13%
597
+7%
682
+14%
824
+21%
800
-3%
713
-11%
588
-17%
453
-23%
415
-8%
441
+6%
481
+9%
498
+4%
547
+10%
608
+11%
213
-65%
787
+269%
635
-19%
816
+29%
803
-2%
841
+5%
863
+3%
906
+5%
966
+7%
1 161
+20%
1 199
+3%
1 225
+2%
1 217
-1%
1 024
-16%
1 032
+1%
1 017
-1%
1 050
+3%
1 101
+5%
1 115
+1%
1 179
+6%
1 178
0%
1 180
+0%
1 194
+1%
1 224
+3%
1 200
-2%
1 182
-2%
1 114
-6%
939
-16%
838
-11%
719
-14%
666
-7%
822
+23%
1 029
+25%
1 364
+33%
1 840
+35%
2 200
+20%
2 643
+20%
2 746
+4%
2 500
-9%
2 185
-13%
1 750
-20%
1 803
+3%
1 803
+0%
1 894
+5%
2 029
+7%
1 888
-7%
2 007
+6%
2 113
+5%
2 087
-1%
Gross Profit
Cost of Revenue
(3 005)
(3 248)
(3 128)
(3 193)
(2 736)
(2 393)
(1 976)
(1 773)
(2 109)
(2 529)
(3 360)
(3 843)
(4 166)
(4 290)
(3 288)
(2 444)
(1 490)
(746)
(470)
(389)
(423)
(487)
(548)
(626)
(749)
(734)
(651)
(547)
(418)
(380)
(408)
(431)
(452)
(492)
(542)
(182)
(652)
(530)
(673)
(665)
(709)
(746)
(806)
(836)
(911)
(909)
(897)
(873)
(755)
(744)
(730)
(773)
(820)
(850)
(908)
(911)
(948)
(980)
(1 023)
(1 016)
(994)
(931)
(767)
(663)
(549)
(494)
(649)
(866)
(1 226)
(1 702)
(2 032)
(2 429)
(2 470)
(2 189)
(1 875)
(1 409)
(1 306)
(1 274)
(1 315)
(1 429)
(1 389)
(1 497)
(1 600)
(1 575)
Gross Profit
(425)
N/A
(548)
-29%
(508)
+7%
(651)
-28%
(432)
+34%
(344)
+20%
(270)
+22%
(112)
+58%
(59)
+48%
(168)
-187%
(85)
+49%
(33)
+61%
(86)
-163%
(57)
+34%
(81)
-41%
(127)
-57%
(47)
+63%
53
N/A
81
+53%
98
+20%
68
-30%
69
+1%
49
-28%
57
+15%
75
+32%
66
-12%
62
-6%
42
-33%
35
-15%
35
-1%
33
-4%
50
+49%
46
-7%
55
+19%
66
+19%
31
-52%
134
+327%
105
-22%
143
+37%
138
-4%
132
-4%
117
-12%
99
-15%
130
+31%
250
+92%
290
+16%
328
+13%
344
+5%
269
-22%
289
+7%
287
0%
277
-4%
281
+1%
265
-6%
271
+2%
267
-1%
232
-13%
214
-8%
201
-6%
184
-8%
187
+2%
183
-3%
172
-6%
176
+2%
171
-3%
171
+1%
173
+1%
162
-6%
138
-15%
139
+0%
169
+22%
214
+27%
277
+29%
311
+12%
311
+0%
342
+10%
497
+45%
529
+6%
579
+10%
600
+4%
499
-17%
510
+2%
513
+1%
511
0%
Operating Income
Operating Expenses
(398)
(173)
(149)
(60)
(387)
(350)
(269)
(3 936)
(165)
(47)
(180)
(441)
(347)
(406)
(362)
(336)
80
(306)
(301)
(296)
(34)
(731)
(729)
(188)
(39)
(197)
(205)
(214)
(61)
220
232
(188)
(65)
(190)
(185)
(53)
(225)
(172)
(239)
(247)
(252)
(246)
63
85
347
(140)
371
380
133
123
(161)
(176)
(163)
(166)
(173)
(177)
(189)
(189)
(186)
(175)
(170)
(180)
(185)
(186)
(168)
(149)
(131)
(122)
307
310
310
319
(76)
(70)
(57)
(69)
(76)
(81)
(89)
(89)
(127)
(136)
(149)
(157)
Selling, General & Administrative
(526)
(395)
(411)
(373)
(461)
(473)
(411)
(412)
(425)
(442)
(521)
(555)
(489)
(387)
(288)
(199)
(93)
(84)
(76)
(82)
(68)
(58)
(59)
(46)
(46)
(58)
(68)
(79)
(68)
(61)
(52)
(72)
(74)
(71)
(67)
(7)
(29)
(22)
(38)
(38)
(37)
(41)
(35)
(51)
(87)
(112)
(131)
(157)
(161)
(176)
(190)
(188)
(191)
(192)
(199)
(204)
(204)
(216)
(213)
(203)
(197)
(193)
(196)
(194)
(184)
(161)
(145)
(146)
(167)
(167)
(169)
(156)
(124)
(118)
(104)
(111)
(107)
(114)
(120)
(121)
(138)
(145)
(158)
(166)
Other Operating Expenses
128
222
262
313
75
123
140
(3 524)
260
395
341
114
142
(20)
(74)
(138)
172
(222)
(226)
(215)
34
(673)
(670)
(142)
7
(139)
(137)
(135)
8
282
283
(117)
9
(119)
(117)
(46)
(196)
(151)
(202)
(210)
(215)
(205)
98
136
434
(28)
501
536
293
299
29
12
28
26
27
27
15
26
27
28
27
12
11
8
16
12
14
24
474
477
479
475
48
48
46
42
30
32
31
31
10
9
10
9
Operating Income
(822)
N/A
(721)
+12%
(657)
+9%
(711)
-8%
(819)
-15%
(694)
+15%
(539)
+22%
(4 048)
-651%
(224)
+94%
(215)
+4%
(265)
-24%
(474)
-79%
(433)
+9%
(464)
-7%
(443)
+5%
(463)
-5%
33
N/A
(252)
N/A
(220)
+13%
(198)
+10%
34
N/A
(662)
N/A
(679)
-3%
(132)
+81%
36
N/A
(131)
N/A
(143)
-9%
(173)
-20%
(26)
+85%
255
N/A
265
+4%
(138)
N/A
(19)
+87%
(134)
-626%
(119)
+12%
(22)
+82%
(91)
-322%
(68)
+25%
(96)
-41%
(109)
-14%
(120)
-10%
(129)
-7%
162
N/A
215
+33%
597
+178%
150
-75%
699
+365%
724
+4%
402
-44%
412
+2%
126
-69%
101
-20%
117
+16%
99
-16%
98
-1%
90
-8%
43
-53%
25
-42%
15
-41%
9
-40%
18
+99%
2
-87%
(13)
N/A
(10)
+24%
3
N/A
23
+634%
42
+85%
40
-4%
445
+1 007%
449
+1%
479
+7%
533
+11%
201
-62%
241
+20%
253
+5%
273
+8%
421
+54%
447
+6%
490
+10%
510
+4%
372
-27%
373
+0%
365
-2%
355
-3%
Pre-Tax Income
Interest Income Expense
(1 244)
(1 273)
(1 290)
(1 289)
(1 288)
(1 285)
(1 243)
(1 000)
(715)
(414)
(164)
(106)
(112)
(112)
(109)
(92)
(77)
(68)
(61)
(63)
(70)
(76)
(79)
(82)
(87)
(92)
(93)
(94)
(97)
(81)
(81)
(119)
(101)
(83)
(64)
(2)
(7)
(5)
(7)
(7)
(6)
(6)
(6)
(6)
(15)
(16)
(16)
(15)
(5)
(3)
(2)
(2)
(1)
(1)
(1)
(1)
(3)
(7)
(11)
(15)
(16)
(16)
(15)
(14)
(15)
(15)
(17)
(22)
(27)
(32)
(35)
(39)
(62)
(89)
(113)
(156)
(244)
(283)
(324)
(341)
(296)
(286)
(279)
(273)
Non-Reccuring Items
(4)
0
(98)
(98)
(205)
(3 949)
(3 851)
0
(3 744)
0
0
0
(25)
(72)
(95)
(179)
(1 821)
(1 478)
(1 450)
(1 905)
(716)
0
0
3
(144)
0
0
404
271
0
0
0
(126)
0
0
0
0
0
0
0
0
0
(510)
(510)
(510)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
1
0
0
0
0
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
(2 071)
N/A
(1 994)
+4%
(2 044)
-3%
(2 098)
-3%
(2 312)
-10%
(5 927)
-156%
(5 633)
+5%
(5 048)
+10%
(4 683)
+7%
(629)
+87%
(429)
+32%
(580)
-35%
(570)
+2%
(647)
-13%
(647)
+0%
(734)
-14%
(1 864)
-154%
(1 798)
+4%
(1 732)
+4%
(2 167)
-25%
(752)
+65%
(738)
+2%
(759)
-3%
(210)
+72%
(195)
+7%
(224)
-14%
(236)
-6%
137
N/A
149
+9%
174
+17%
184
+6%
(257)
N/A
(245)
+5%
(217)
+11%
(183)
+16%
(23)
+87%
(98)
-321%
(73)
+25%
(103)
-41%
(116)
-13%
(126)
-9%
(135)
-7%
(354)
-163%
(301)
+15%
72
N/A
135
+87%
683
+407%
709
+4%
397
-44%
409
+3%
124
-70%
100
-20%
116
+17%
98
-16%
98
-1%
90
-8%
40
-55%
18
-55%
4
-79%
(6)
N/A
1
N/A
(13)
N/A
(28)
-109%
(24)
+13%
(12)
+50%
7
N/A
24
+232%
18
-26%
418
+2 209%
417
0%
444
+7%
494
+11%
138
-72%
152
+10%
140
-7%
118
-16%
177
+50%
164
-7%
166
+1%
169
+2%
76
-55%
88
+16%
86
-2%
82
-4%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
46
66
6
9
(34)
(51)
98
98
98
98
11
11
11
(36)
(36)
(41)
(36)
9
3
7
2
7
(66)
(64)
(66)
(72)
11
8
8
8
4
9
(1)
(9)
(34)
(44)
(31)
(25)
Income from Continuing Operations
(2 071)
(1 994)
(2 044)
(2 098)
(2 312)
(5 927)
(5 633)
(5 048)
(4 683)
(629)
(429)
(580)
(570)
(647)
(647)
(734)
(1 864)
(1 798)
(1 732)
(2 167)
(752)
(738)
(759)
(210)
(195)
(224)
(236)
137
149
174
184
(257)
(245)
(217)
(183)
(23)
(98)
(73)
(103)
(116)
(126)
(134)
(353)
(300)
73
136
730
775
403
418
90
49
214
196
195
187
51
29
15
(42)
(35)
(54)
(64)
(15)
(9)
14
26
25
352
352
378
422
150
160
149
126
181
173
165
160
42
44
55
57
Income to Minority Interest
109
116
53
24
0
0
0
0
(61)
0
0
0
0
0
(70)
(69)
(67)
(68)
2
1
1
4
14
6
6
9
1
11
11
10
14
13
14
14
8
5
21
15
20
20
22
22
63
58
7
2
(44)
(44)
1
1
1
1
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
2
1
1
1
(1)
0
0
0
0
0
0
0
0
0
Equity Earnings Affiliates
0
0
0
0
107
0
0
0
61
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
(1 962)
N/A
(1 878)
+4%
(1 991)
-6%
(2 074)
-4%
(2 204)
-6%
(5 849)
-165%
(5 525)
+6%
6 350
N/A
6 608
+4%
10 662
+61%
10 862
+2%
(580)
N/A
(570)
+2%
(647)
-13%
(36)
+94%
(123)
-238%
(1 251)
-920%
(1 186)
+5%
(1 730)
-46%
(2 166)
-25%
(750)
+65%
(735)
+2%
(745)
-1%
(204)
+73%
(189)
+7%
(215)
-14%
(235)
-9%
149
N/A
160
+8%
184
+15%
198
+8%
(244)
N/A
(231)
+5%
(203)
+12%
(175)
+14%
(18)
+90%
(77)
-324%
(58)
+25%
(82)
-43%
(96)
-16%
(104)
-9%
(112)
-8%
(290)
-159%
(242)
+17%
80
N/A
131
+63%
677
+418%
722
+7%
397
-45%
419
+5%
93
-78%
52
-44%
215
+314%
196
-9%
195
0%
187
-4%
51
-73%
30
-42%
15
-48%
(42)
N/A
(34)
+18%
(54)
-55%
(64)
-19%
(14)
+77%
(9)
+39%
15
N/A
27
+79%
26
-4%
353
+1 282%
353
+0%
380
+8%
423
+11%
150
-64%
160
+7%
148
-7%
126
-15%
181
+44%
173
-4%
165
-5%
160
-2%
42
-74%
44
+5%
55
+25%
57
+3%
EPS (Diluted)
-1.17
N/A
-1.11
+5%
-1.18
-6%
-1.23
-4%
-1.31
-7%
-3.48
-166%
-3.05
+12%
19.94
N/A
7.78
-61%
33.49
+330%
33.75
+1%
-1.82
N/A
-1.79
+2%
-2.03
-13%
-0.11
+95%
-0.38
-245%
-3.93
-934%
-3.72
+5%
-5.37
-44%
-6.8
-27%
-2.36
+65%
-2.3
+3%
-2.31
0%
-0.64
+72%
-0.59
+8%
-0.68
-15%
-0.74
-9%
0.46
N/A
0.5
+9%
0.57
+14%
0.62
+9%
-0.76
N/A
-0.68
+11%
-0.34
+50%
-0.29
+15%
-0.03
+90%
-0.13
-333%
-0.09
+31%
-0.13
-44%
-0.15
-15%
-0.18
-20%
-0.19
-6%
-0.27
-42%
-0.29
-7%
0.14
N/A
0.12
-14%
0.62
+417%
0.66
+6%
0.41
-38%
0.39
-5%
0.09
-77%
0.05
-44%
0.2
+300%
0.18
-10%
0.18
N/A
0.17
-6%
0.05
-71%
0.03
-40%
0.01
-67%
-0.04
N/A
-0.03
+25%
-0.05
-67%
-0.06
-20%
-0.01
+83%
-0.01
N/A
0.01
N/A
0.02
+100%
0.02
N/A
0.32
+1 500%
0.32
N/A
0.35
+9%
0.39
+11%
0.14
-64%
0.15
+7%
0.14
-7%
0.12
-14%
0.17
+42%
0.16
-6%
0.15
-6%
0.15
N/A
0.04
-73%
0.04
N/A
0.05
+25%
0.05
N/A